The 'Pradhan Mantri Awas Yojana - Urban' was launched in: MCQ with Answer and Explanation

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The 'Pradhan Mantri Awas Yojana - Urban' was launched in:

A. 2015

B. 2018

C. 2013

D. 2016

Answer: Option A

Solution (By JKSSB Mock Tests)

PMAY-Urban was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'National Pension System' in India is regulated by:

A. RBI

B. PFRDA

C. IRDAI

D. SEBI

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Correct Answer: Option B

Explanation:
The National Pension System is regulated by the Pension Fund Regulatory and Development Authority.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' is considered a destination-based tax because:

A. tax is collected where goods are produced

B. tax is collected only at the port

C. tax accrues to the state where goods are consumed

D. tax is paid by the exporter

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Correct Answer: Option C

Explanation:
GST is destination-based, so tax revenue goes to the consuming state.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of inflation, 'Built-in Inflation' refers to:

A. One-time increase in prices

B. Inflation resulting from the wage-price spiral

C. Inflation caused by excess demand

D. Inflation due to supply shocks only

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Correct Answer: Option B

Explanation:
Built-in inflation arises from adaptive expectations and the wage-price spiral, where past inflation influences current wage and price setting.

This question belongs to: Economy GK Economy Set 1

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